The new frontier for the Cloud is "Application Hosting". No longer will software come a shrink wrapped box that need to be loaded onto your personal computer or laptop. Instead, software will be accessible through your internet browser, just like a webpage, that you pay for as a service, also known as Software As A Service or (SaaS).

A well respected independent research firm expects the global cloud computing market to reach $241 billion in 2020 compared to $40.7 in 2010

According to the report, Software-as-a-Service (SaaS) offers more growth opportunity than any other segment in the still largely vague market for cloud computing services. SaaS will retain its position as a leading segment in cloud computing with SaaS market growing three-fold to $92.8 billion by 2016, the report said.

Platform as a Service (PaaS):Sproq.com is next generation cloud web application hosting known as PaaS. This segment of cloud computing is estimated to grow 30% a year and be worth 9.8 billion in 2016.

Sproq PaaS provide an environment for developers and companies to host and deploy applications more easily. Simply put, PaaS companies shield developers from the hassle of setting up, configuring, and managing things like servers and databases, so that they don't have to see the infrastructure side.

PaaS is strategic and considered to be a critical growth driver for other segments, including BPaaS (Business Process as a Service) and SaaS (Software as a Service).

Here are some of the features users get when they rent PaaS services on Sproq:

Pay only for what you use. You can also control how much we will scale your app

Integrated version control. Inspect or roll back code as needed

We support a wide range of languages and frameworks. Build your application in Python, Ruby, PHP, or other languages

Testing and staging instances, so you can check your changes before deploying to production

Pre-built application services that you can use to create your application quickly

Platform as a service sits in between IaaS (Infrastructure as a Service) and SaaS (Software as a Service. Cloud management and security services constitute a new forecast segment comprising cloud security services, IT operations management (ITOM) and storage management (including backup and recovery services). The cloud management and security services segment is forecast to grow to $3.3 billion in 2012.

Research firm IDC estimates that the worldwide public PaaS market will grow from $2.6 billion in 2011 to $9.8 billion in 2016 representing a 30.9 percent annualized growth.

The MarketCloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. Cloud computing provides computation, software, data access, and storage services that do not require end-user knowledge of the physical location and configuration of the system that delivers the services. Parallels to this concept can be drawn with the electricity grid, wherein end-users consume power without needing to understand the component devices or infrastructure required to provide the service.

The Dynamo server division now is offering valued priced dedicated server rentals to third party customers. The servers are located within Canada in its Vancouver, "POP" with expansion plans for the next quarter to include Chicago and Dallas.

This division is a response to the significant demand by the company's customer base, creating a niche market for the company to exploit with the assurance of an in place customer base upon initiation.

In addition to the Dynamo dedicated server offering, the Vancouver co-location will also house Cloud Data Corps Sproq.com servers.

Sproq next generation cloud application hosting customers will be able to start with a single Sproqet, as they need to scale up they will be able to purchase additional Sproqets.

Sproq.com service is currently under development, with developmental servers and hardware already deployed. Sproq.com is now scheduled for launch third quarter 2012.

Forward-Looking Statements:This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; MELY's ability to commercialize its technology; ability to defend intellectual property; material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital.

Additional considerations and risk factors are set forth in reports filed on Form 8-K and 10-K with the SEC and other filings. Readers are cautioned not to place undue reliance upon these forward-looking statements; historical information is not an indicator of future performance. The Company undertakes no obligation to update publicly any forward-looking statements.

Microelectronics Technology Co.

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